Business for Sale

Under Contract

Municipal Planning Staffing

BizEx947-CG

Background

General Location:Irvine Ca, CA
Category: Staffing
Years in Business:10
Under Present Owner:<1 Year
Hours of Operation:8-5PM
Owner Hours:semi absentee
Training:4 weeks @ 40 hours
Organization Type:
Lease Expiration:10\31\16
Lease Options:yes
Building Size:1000
Employees:0
Reason for Sale:other business venture\non related

Financials

Asking Price:$2,500,000
Down Payment:Negotiable
Gross Sales:$4,000,000
Discretionary Cash Flow:$780,000
FF&E:$50,000
Inventory Included?
Inventory:
Min. Operating Capital:$50,000
Real Estate Available?No
Rent:$899
Financing:Call

2016E 2015 1st Half'16
Gross Sales $ 4,000,000 $ 2,514,633 $ 1,662,000
Gross Profit $ $ $
Disc. Earnings $ 780,000 $ 277,473 $ 386,000

Description

This highly profitable staffing company provides public sector contract services to cities and private land use clients in California. The firm is sole provider to 90% of its governmental entities and services 20 plus municipalities throughout southern California with mostly three year long contracts
This 10 year old company has continued to grow under the present ownership and continues to experience strong demand from California municipalities for consultants with backgrounds in Economic Development, Urban Planning, Project Management, Information Technology as well as many other specialties. The firm has recently increased its bill rates by 20% and its hourly bill rates now vary from $55 to $140 per hour for services to clients for different levels of Planners ranging from Technician, Assistant, Associate, Senior and Principal level planners as well as Planning Managers.
My client also enjoys an excellent reputation which results in senior level Directors and Planning Managers from many of their clients to want to come work for them in a senior consultant capacity and in turn brings many new business development opportunities. First quarter 2016 results were revenue of $1,000,968 with SDE of $324,000 with full year 2016 SDE estimated at $4,000,000 +.

Contact Charlie Graziani-BizEx M&A Advisor-312-404-4771



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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Charles Graziani
M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 131
Direct: (312) 404-4771
Lic#: 01906842